Cisco to Acquire Perfigo

Updated Oct. 22, 2004 12:01 a.m. ET

Cisco Systems Inc. agreed to acquire network-software company Perfigo Inc. for $74 million. Cisco, a San Jose, Calif., maker of computer networks, said the acquisition strengthens its security-software product line with programs that provide security against computer worms and viruses. Perfigo, a closely held company based in San Francisco, makes packaged network-access control software, called CleanMachines. Cisco expects the deal to close by Jan. 29, subject to standard conditions. In 4 p.m. trading on the Nasdaq Stock Market, Cisco was at $18.63, up 18 cents.